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-- Posted Wednesday, 26 August 2009 | Digg This Article | | Source: GoldSeek.com
Rick’s Picks Tuesday, August 25, 2009 “Phenomenally accurate forecasts” If nothing else can stop a runaway stock market, there’s always the astrologers. Pick any day of the year, and odds are it’s circled in red on some star-gazing guru’s End of Days calendar. The higher stocks go, the louder their predictions of disaster. Not that we haven’t joined the chorus of despair ourselves from time to time. How else is a guru supposed to gin up business during the dog days of summer? At the moment, the sexiest prediction out there is the Mayan apocalypse slated in 2012. Perhaps the Mayans would have pushed that date back a few years, giving themselves a little extra room, if they’d known that Goldman Sachs – the antichrist at the moment -- would be running the world.
Some of you will already know that the date December 21, 2012, marks the final 24 hours of a Mayan calendar that for thousands of years has been counting down a 5,126-year span. The bookstores have at least a dozen titles on this subject, and it seems to have captured the popular imagination in the same way the Y2K scare did. Mind you, this isn’t a cycle that’s supposed to begin anew; rather, it is simply the end of time. Assuming December 22, 2012 never arrives, then, do we infer that that will suffice to keep mortgage lenders at bay? Or will they be waiting to dun us as soon as the next Big Bang starts to cool? A Bright Side? Whatever happens, we shouldn’t count too heavily on debt forgiveness, since debt collectors are probably even hardier than cockroaches. But there may be a bright side: Spiritual healer Andrew Smith, for one, thinks 2012 will usher in a “true balance between Divine Feminine and Masculine.” If so, at least a couple of the world’s Great Religions are going to have some serious explaining to do. But Smith is the outlier, since most of the books envision something like Ghostbusters with an unhappy ending. But don’t be surprised if the Dow Average initially shrugs off the mayhem, even as flames lap at the stone walls of the New York Stock Exchange. *** Information and commentary contained herein comes from sources believed to be reliable, but this cannot be guaranteed. Past performance should not be construed as an indicator of future results, so let the buyer beware. Rick's Picks does not provide investment advice to individuals, nor act as an investment advisor, nor individually advocate the purchase or sale of any security or investment. From time to time, its editor may hold positions in issues referred to in this service, and he may alter or augment them at any time. Investments recommended herein should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Rick's Picks reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscribers’ initials will be used unless express written permission has been granted to the contrary. All Contents © 2009, Rick Ackerman. All Rights Reserved. www.rickackerman.com
-- Posted Wednesday, 26 August 2009 | Digg This Article | Source: GoldSeek.com
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